London Engineering Company Limited (01889583): administration
- Status
- Administration ended
- Administration began
- 2013-05-07
- Administrators' firm
- BDO
- Incorporated
- 1985-02-25
- Location
- London
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 25 February 1985 and traded from premises in Bnxton until 2008 when ft purchased the freeholds of 57 & 60 Kangley Bndge Road, Lower Sydenham, London, SE26 5BA. The Company operated as a metal fabncator for residential property developers.
At the time of the move to Lower Sydenham turnover was approximately £5-6m pa and a further £2m of contracts were won {n 2010 a £6m contract for Dalston Developments was secured The decision was then taken to vacate the rented premises in Brixton and extend the premises at 60 Kangley Bridge Road
However, bank funding for the £300k extension was not forthcoming and so this was funded using the Company’s working capital
Administrators' statement of proposals (2014-01-20) · Companies House register